Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Muncie Industrial Facility For Sale Title is generated by Realmo AI

    1401 E Memorial Dr, Muncie, IN 47302

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    224,000 SF industrial facility with strategic Midwest distribution access.

    Type:industrial
    Property size:
    224,000 SF
    Lot size:
    16.53 Acres
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 1 at 8:02 pm

    Property Features for 1401 E Memorial Dr

    General Information

    Standard status
    Active
    Size
    224,000 SF
    Lot size
    16.53 Acres
    Property subtype
    industrial

    We can help!

    Listing Contact
    Brian Seitz
    Brian Seitz

    Listing agent Brian Seitz License #RB14042705

    Listing office Indianapolis

    Listing date Apr 15, 2026

    Source Property.jll

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Indianapolis

    HighLights

    • Strategic location with access to State Road 67 and Interstate 69 for efficient Midwest distribution.
    • Large 224,000 SF industrial facility.
    • Located in Delaware County's established industrial corridor, approximately 45 minutes from Indianapolis.
    • Features 9 dock doors and 5 drive‑in doors.
    • Clear height ranging from 18' to 27'.
    • Includes 5,000 SF of office space.

    Overview

    Located in Muncie, Indiana, this 224,000 SF industrial facility provides access to State Road 67 and Interstate 69, facilitating Midwest distribution. Situated in Delaware County's industrial corridor, the property is approximately 45 minutes northeast of Indianapolis. The facility includes 5,000 SF of office space. It features clear heights ranging from 18' to 27', with a 12' 6" clear height at the docks. The property includes 5 drive-in doors and 9 dock doors. It is situated on a 16.53-acre lot and equipped with LED lighting and 12k volts of power.
    Location Intelligence

    Current Use by Public Records

    Spartech Plastics Factory

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • CubeSmart Self Storage — 1920 S Hoyt Ave, Muncie, IN 47302
    • THAT STORAGE PLACE SELF STORAGE — 417 E 16th St, Muncie, IN 47302

    Location Insight

    • Map
    • Local Demand
    City
    Muncie
    County
    Delaware
    State
    Indiana
    Longitude
    -85.3707919
    Latitude
    40.1764833

    Nearby Similar for Sale

    • $945,000

      Downtown Muncie Commercial Building

      20,000 SF commercial building with parking lots.
      225 N High Street, Muncie, IN 47305
      View Details
    • $389,900
      8,483 SF

      Spacious Commercial Building with Showroom

      Versatile 8,483 sq ft commercial building in Muncie, Indiana.
      4411 N Broadway Avenue, Muncie, IN 47303
      View Details
    • $359,900

      Established Muncie Restaurant and Bar

      Turn-key restaurant and bar opportunity with real estate included.
      3823 N Broadway Avenue, Muncie, IN 47303
      View Details
    • $895,000

      Muncie Investment Property in Airpark

      Investment property with long-term tenants in Muncie, Indiana.
      404 W Air Park Drive, Muncie, IN 47303
      View Details
    • $395,000

      Muncie Retail Building For Sale

      1,600 SQFT commercial building with drive-thru, ample parking.
      4801 N Wheeling Avenue, Muncie, IN 47304
      View Details
    • $127,500
      3,060 SF

      Versatile Muncie Building with Updates

      Adaptable 3,060 SF building suitable for office or religious use.
      4023 N Rosewood Avenue, Muncie, IN 47304
      View Details
    • $380,000

      Muncie Warehouse and Office Flex

      Versatile warehouse with office space and fenced laydown yard.
      1601 N Country Club Road, Muncie, IN 47303
      View Details
    • $360,000

      Historic Bar and Restaurant Opportunity

      Muncie's oldest bar with equipment, license, rental home, lot.
      1811 S Burlington Avenue, Muncie, IN 47302
      View Details
    • $725,000

      Muncie Office Building For Sale

      Well-maintained office building in a prime commercial corridor.
      3621 N Everbrook Lane, Muncie, IN 47304
      View Details
    • $3,400,000

      Muncie Office Opportunity

      Well-located Muncie office property with high visibility and accessibility.
      800 S Tillotson Avenue, Muncie, IN 47303
      View Details
    • $975,000
      494 SF

      Equestrian Estate with Indoor Arena

      26-acre Muncie equestrian estate with indoor riding arena.
      8801 N Walnut Street, Muncie, IN 47303
      View Details
    • $250,000

      Turnkey Salon Near Ball State

      Fully operational salon near Ball State University for sale.
      201 E Centennial Avenue, Muncie, IN 47303
      View Details

    FAQs

    What type of property is this?
    Warehouse - 224,000 SF industrial facility with strategic Midwest distribution access.
    Where is this warehouse located?
    The property is located at 1401 E Memorial Dr Muncie, IN.
    What are key features of this property?
    This property features: Strategic location with access to State Road 67 and Interstate 69 for efficient Midwest distribution.; Large 224,000 SF industrial facility.; Located in Delaware County's established industrial corridor, approximately 45 minutes from Indianapolis.
    (317) 810-7184
    We can help!
    Listing Contact
    Brian Seitz
    Brian Seitz
    Real Estate License ID: RB14042705
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1401 E Memorial Dr, Muncie, IN, 47302
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!